Home Wealth  Money Retail Sales Rose in October, Exceeding Estimates

Retail Sales Rose in October, Exceeding Estimates

Posted: Nov. 16th, 2011  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

As retailers gear up for the onset of the holiday shopping season, many released earnings today and the Commerce Depart reported retail sales rose last month.

Retail sales rose 0.5% in October, or 0.6% excluding auto sales.

The figure exceeded economist expectations, and compares to a 1.1% gain in September.

Wal-Mart (nyse: WMT - news - people ) and Home Depot (nyse: HD - news - people ) were among the major retailers reporting results today.

Saks (nyse: SKS - news - people ) posted earnings that fell short of analyst estimates, although revenue exceeded expectations. TJX (nyse: TJX - news - people ) reported earnings per share ahead of analyst forecasts, however revenue fell short.

The Retail HOLDRS ETF, with Wal-Mart and Home Depot as its top two holdings, is trading down .7% Tuesday.

The Dynamic Retail Portfolio (), with iconic department store Macy's (nyse: M - news - people ) () as its top holding and TJX in its top five, is trading up .5%.

And the SPDR S&P Retail ETF (), with a broad range of holdings, is trading down over .6% Tuesday.

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Write a Story/Review about this topic

Post a Comment

 
Need to Get Away?
Top 10 Business Hotels
Who says you can’t mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
Yacht Hunting? Check Out the New Oceanis 60 Sailboat
Mercedes-Benz Future Truck 2025 Will Drive Itself
Warm Your Home (Or Just Make it Look Really Cool) with Eco-Friendly, Smoke-Free Cocoon Fireplaces
Is the SPIN Dial the Remote of the Future? We Hope So
LA Carlyle Residences Report Record Sales, $225M So Far
This is How You Elevate a Holiday Dinner Party With Perfect Table Etiquette
Aëdle Will Engrave Whatever You Want On Their VK-1 Headphones
McLaren Engineer Designs VanDutch Gocycle G2 Electric Bike
Forget Roasting Chestnuts, Whip Them Into a Tiramisu Instead
Sure You Drink It, But How Much Do You Really Know About Absolut Vodka?
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE